Franklin Electric Co Inc (FELE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.58 | 3.31 | 3.30 | 3.74 | 3.99 | |
| DOH | days | 102.03 | 110.28 | 110.45 | 97.53 | 91.57 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.58
= 102.03
The Days of Inventory on Hand (DOH) for Franklin Electric Co., Inc. has been fluctuating over the past five years. In 2023, the company had an inventory turnover rate of 135.71 days, a decrease from 147.10 days in 2022. This suggests that the company managed its inventory more efficiently in 2023 compared to the previous year.
However, when comparing the DOH figure to 2021 and 2020, the company's performance in managing inventory appears to have improved slightly as the DOH decreased from 151.27 days in 2021 to 134.91 days in 2020, before increasing again in 2022.
The lowest DOH in the five-year period was recorded in 2019 at 123.62 days, indicating that the company managed its inventory most efficiently that year.
Overall, the trend in the DOH for Franklin Electric Co., Inc. shows some variability, with fluctuations in inventory management efficiency over the five-year period. Continued monitoring of this ratio is important to assess the company's ability to effectively manage its inventory levels and optimize its operations.
Peer comparison
Dec 31, 2023